When President Richard Nixon took the dollar off the gold reserve standard on Aug. 15, 1971, he effectively ended the Bretton Woods system of fixed currency-exchange rates. Nixon's action, taken at the urging of bankers' boy George Shultz (then director of the Office of Management and Budget), set into motion the creation of the largest financial bubble in history, a bubble the collapse of which is now laying waste to the global banking system and securities markets. The mantra rising from financial circles after such disasters is that ``no one'' could have foreseen the ``unexpected events'' which developed from policies and decisions that ``everybody'' agreed to at the time. You hear it frequently today, from people ranging from former Federal Reserve chairman Sir Alan Greenspan, to bankers whose allegedly ``fundamentally sound'' banks vaporize seemingly overnight. Who knew this could happen?One man did know, and said so at the time, loudly and forcefully.
That man is Lyndon LaRouche....

March 23, 2007
EIR News Service announced the publication ofThe Anatomy of Russian Capitalism,
by Professor Stanislav M. Menshikov.Translated from the Russian by Rachel Douglas, the book is an authoritative study of the Russian economy during the first 15 years after the break-up of the Soviet Union. The Preface, by EIR founder and contributing editor Lyndon LaRouche, titled, "Russia's Next Step," poses the need for U.S. policy-makers to study and grasp the "disease" presented in this book, since it represents "an economic global pandemic which we must all join to defeat."

Feature

The End of the Line for The Anglo-Dutch System Thirty-seven years ago, Lyndon LaRouche saw the present collapse of the financial system as inevitable, after George Shultz, on Aug. 15, 1971, set into motion the creation of the largest financial bubble in history, by persuading President Nixon to end the Bretton Woods system. The Anglo-Dutch system is now collapsing as a result of its own cannibalistic policies.

Doom Has Struck!
Three Steps to SurvivalOn March 17, 2008, LaRouche issued this call for action, listing three essential measures which must be taken more or less immediately, before the situation in the U.S.A. and western Europe becomes hopeless.

Economics

Bretton Woods Debate Spreads Beyond ItalyThe debate in Italy about the need for a New Bretton Woods to solve the financial collapse, is beginning to be picked up elsewhere in Europe. In numerous articles and interviews, former Italian finance minister Giulio Tremonti is saying that 'the time has come to substitute the present disorder with a new global order,' referring to the original Bretton Woods system. 'There is no local solution,' he states. 'This is a global question and there is only a global solution: a new Bretton Woods.'

International

British Launch 'Great Eurasian War'Drive Do not look for local causes, or event-driven explanations for the outbreaks of chaos and violence throughout Eurasia and elsewhere. We are witnessing a top-down, London-orchestrated confrontation, aimed at igniting such chaos around the globe, to maintain oligarchical control as the world financial system blows out.

Interviews

Alfonso Gianni AlfonsoGianni is Undersecretary for Economic Development in the outgoing Prodi government in Italy, and was among the signers of the New Bretton Woods resolution in the Italian Chamber of Deputies in 2005.